Table Of ContentPartI HEALTH CARE FINANCE OVERVIEW Chapter1 Introduction to Health Care Finance Chapter2 Four Things the Health Care Manager Needs to Know About Financial Management Systems Chapter3 The Digital Age: Changing the Landscape of Healthcare Finance PartII RECORD FINANCIAL OPERATIONS Chapter4 Assets, Liabilities and Net Worth Chapter5 Revenues (Inflow) Chapter6 Expenses (Outflow) Chapter7 Cost Classifications PartIII TOOLS TO ANALYZE & UNDERSTAND FINANCIAL OPERATIONS Chapter8 Cost Behavior and Break-Even Analysis Chapter9 Understanding How Inventory and Depreciation Concepts Affect Operational Results Chapter10 Staffing: Methods, Operations & Regulations PartIV Report and Measure Financial Results Chapter11 Reporting as a Tool Chapter12 Financial and Operating Ratios as Performance Measures Chapter13 The Time and Value of Money Chapter13-A Present Value Table (The Present Value of $1.00) Chapter13-B Compound Interest Table Compound Interest of $1.00 (The Future Amount of $1.00) Chapter13-C Present Value of an Annuity of $1.00 PartV Tools to Review and Manage Comparative Data Chapter14 Trend Analysis, Common Sizing, and Forecasted Data Chapter15 Using Comparative Data PartVI Construct and Evaluate Budgets Chapter16 Operating Budgets Chapter16-A Creating a DRG Budget for Respiratory Care: The Resource Consumption Approach Chapter16-B Reviewing a Comparative Operating Budget Report Chapter17 Capital Expenditure Budgets Chapter17-A A Further Discussion of Capital Budgeting Methods PartVII Tools to Plan, Monitor, and Control Financial Status Chapter18 Variance Analysis and Sensitvity Analysis Chapter19 Understanding Investment Terms & Statistical Terms Used in Finance Chapter20 Understanding the Impact of Data Analytics and Big Data PartVIII Financial Terms, Costs and Choices Chapter21 Understanding Investment Terms & Statistical Terms Used in Finance Chapter22 Business Loans and Financing Costs Chapter22-A Sample Amortization Schedule Chapter23 Choices: Owning versus Leasing Equipment PartIX Strategic Planning: A Powerful Tool Chapter24 Strategic Planning and the Healthcare Financial Manager Chapter24-A Appendix: Sample SWOT Worksheets & Question Guides Chapter25 Putting It All Together: Creating a Business Plan Chapter26 Understanding Strategic Relationships: Health Delivery Systems, Finance and Reimbursement PartX Information as a Financial & Strategic Tool Chapter27 Understanding Value-Based Health Care and Its Financial & Digital Outcomes Chapter28 New Payment Methods & Measures: MIPS & APMs for Eligible Professionals Chapter28-A Meaningful Use: Modified and Streamlined, With A New Name Chapter29 Standardizing Measures & Payment In Post-Acute Care: New Requirements Chapter30 ICD-10 Implementation Continues: Finance & Strategic Challenges for the Manager Chapter30-A Appendix: ICD-10 Conversion Costs for a Midwestern Hospital PartXI Case Studies Chapter31 Case Study: The Doctor''s Dilemma Chapter32 Case Study: Strategic Financial Planning in Long-Term Care Chapter33 Case Study: Metropolis Health System Chapter33-A Case Study Appendix: Metropolis Health System''s Financial Statements & Excerpts from Notes Chapter33-B Case Study Appendix: Comparative Analysis Using Financial Ratios and Benchmarking Helps Turn Around a Hospital in the Metropolis Health System Chapter33-C Case Study Appendix: Proposal to Add a Retail Pharmacy to a Hospital in the Metropolis Health System PartXIII Mini-Case Studies Chapter34 Mini-Case Study 1: The Economic Significance of Resource Misallocation: Client Flow through the Women, Infants, and Children Public Health Program Chapter35 Mini-Case Study 2: Technology in Health Care: Automating Admissions Processes AppendixA Checklists
Edition DescriptionRevised edition
SynopsisHealth Care Finance: Basic Tools for Nonfinancial Managers, Fifth Edition is the most practical and applied text for those who need a basic and better understanding of health care financial management. Using actual examples from hospitals, long-term care facilities, and home health agencies, this user-friendly text includes practical information for the nonfinancial manager charged with budgeting. This exhaustive revision offers updated data throughout as well as six new chapters covering various cutting edge topics from the changing landscape in healthcare finance to understanding big data, strategic relationships, value based health care, and new payment methods. New to the Fifth Edition: Six new chapters that explore cutting edge topics from big data and the digital age, to value-based health care, MIPS & APMS, new requirements for payments in post-acute care. New case study: "The Doctor's Dilemma" Three new appendices offer helpful reference material on meaningful use, creating a DRG budget, and reviewing a comparative operating budget report., Health Care Finance: Basic Tools for Nonfinancial Managers, Fifth Edition is the most practical and applied text for those who need a basic and better understanding of health care financial management. Using actual examples from hospitals, long-term care facilities, and home health agencies, this user-friendly text includes practical information for the nonfinancial manager charged with budgeting. This exhaustive revision offers updated data throughout as well as six new chapters covering various cutting edge topics from the changing landscape in healthcare finance to understanding big data, strategic relationships, value based health care, and new payment methods. New to the Fifth Edition: Six new chapters that explore cutting edge topics from big data and the digital age, to value-based health care, MIPS & APMS, new requirements for payments in post-acute care. New case study: "The Doctor's Dilemma" Three new appendices offer helpful reference material on meaningful use, creating a DRG budget, and reviewing a comparative operating budget report. This text is part of the National Association of Long Term Care Administrator Board's (NAB) 2022 recommended reference list for those preparing to take the following federal licensing/certification exams: - CORE: General Knowledge Examination for Long Term Care Administrators - NHA: Nursing Home Administrators Line of Service Exam - RCAL: Resident Care and Assisted Living Administrators Line of Service Exam - HCBS: Home and Community-Based Service Administrators Line of Service Exam For more information regarding the NAB exams, please visit https: //www.nabweb.org/examinations
LC Classification NumberRA971.3